Hamlyn Heights is in the TOP 30% in VIC when comparing median price capital growth over the last year. Hamlyn Heights gave property investors a good capital gain figure when compared to the rest of the state, with 16.52%.
Taking the average capital gain, or increase in median house value, Hamlyn Heights,3215 has racked up an average of 16.52% over the period. This ranks it number 1536th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Hamlyn Heights is giving property investors an average Vendor Discount of around -4.80%. This puts suburb at number 362th in VIC when ranking the most discounted suburbs.
The VIC suburb of Hamlyn Heights, 3215 is in the Greater Geelong local government area.
At number 118th in the list of Australian suburbs ordered by increase in median house value over the last year, Hamlyn Heights, 3215 is in the top 10% with a property value increase of 21.93% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hamlyn Heights has increased when compared to the 5 year average annual rate.
Property buyers and investors in Hamlyn Heights 3215 should be seeing an average reduction in asking price of around -5.20% . This means that Hamlyn Heights is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.13%, investors should hope to achieve an overall return of 4.76%